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Code · New Jersey · Title 40 — Animals and Livestock · Chapter 68A

40:68A-46. Sale of bonds; interest

73 words·~1 min read·/nj/title-40/chapter-68a/40-68a-46

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Bonds of a municipal port authority may be sold by the municipal port authority at public or private sale at such price or prices as the municipal port authority shall determine; provided, however, that the interest cost to maturity of the money received for any issue of bonds (computed according to standard tables of bond values) shall not exceed 6% per annum.
L.1960, c. 192, p. 819, s. 18, eff. Feb. 15, 1961.
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